signal strength 1 of 5
According to the chart of M5, NZDCAD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.7878 while the median line of the Neck is found at 0.7826/0.7858. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDCAD will go towards 0.7893
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on GOLD M5; the upper boundary is 3375.87; the lower boundary is 3363.32. The width of the pattern is 1258 points. In case
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of AUDUSD M5. Features of the pattern: The lower line of the pattern has coordinates 0.6438 with the upper limit 0.6438/0.6426
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCAD M15; the upper boundary is 1.5683; the lower boundary is 1.5626. The width of the pattern is 56 points. In case
The M5 and M15 time frames may have more false entry points.
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